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泰佩思琦（TPR）与Workday, Inc.（WDAY）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是Workday, Inc.的1.0倍（$2.5B vs $2.4B），泰佩思琦净利率更高（22.4% vs 10.4%，领先12.1%），泰佩思琦同比增速更快（14.0% vs 12.6%），泰佩思琦自由现金流更多（$1.0B vs $550.0M），过去两年泰佩思琦的营收复合增速更高（29.9% vs 12.5%）
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
Workday是全球领先的企业级云软件供应商，核心产品覆盖人力资本管理、财务管理及企业资源规划解决方案，主要服务教育、医疗、金融、科技等行业的中大型机构，业务遍布北美、欧洲、亚太等全球主要市场。
TPR vs WDAY — 直观对比
营收规模更大
TPR
是对方的1.0倍
$2.4B
营收增速更快
TPR
高出1.4%
12.6%
净利率更高
TPR
高出12.1%
10.4%
自由现金流更多
TPR
多$487.5M
$550.0M
两年增速更快
TPR
近两年复合增速
12.5%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.4B |
| 净利润 | $561.3M | $252.0M |
| 毛利率 | 75.5% | — |
| 营业利润率 | 28.6% | 10.6% |
| 净利率 | 22.4% | 10.4% |
| 营收同比 | 14.0% | 12.6% |
| 净利润同比 | 80.8% | 30.6% |
| 每股收益（稀释后） | $2.68 | $0.94 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收TPRWDAY
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.6B | $2.2B | ||
| Q4 24 | $2.2B | $2.2B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.6B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
净利润TPRWDAY
| Q4 25 | $561.3M | $252.0M | ||
| Q3 25 | $274.8M | $228.0M | ||
| Q2 25 | $-517.1M | $68.0M | ||
| Q1 25 | $203.3M | $94.0M | ||
| Q4 24 | $310.4M | $193.0M | ||
| Q3 24 | $186.6M | $132.0M | ||
| Q2 24 | $159.3M | $107.0M | ||
| Q1 24 | $139.4M | $1.2B |
毛利率TPRWDAY
| Q4 25 | 75.5% | — | ||
| Q3 25 | 76.3% | — | ||
| Q2 25 | 76.3% | — | ||
| Q1 25 | 76.1% | — | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 75.3% | — | ||
| Q2 24 | 74.9% | — | ||
| Q1 24 | 74.7% | — |
营业利润率TPRWDAY
| Q4 25 | 28.6% | 10.6% | ||
| Q3 25 | 19.3% | 10.6% | ||
| Q2 25 | -33.9% | 1.7% | ||
| Q1 25 | 16.0% | 3.4% | ||
| Q4 24 | 22.4% | 7.6% | ||
| Q3 24 | 16.7% | 5.3% | ||
| Q2 24 | 14.8% | 3.2% | ||
| Q1 24 | 13.8% | 4.1% |
净利率TPRWDAY
| Q4 25 | 22.4% | 10.4% | ||
| Q3 25 | 16.1% | 9.7% | ||
| Q2 25 | -30.0% | 3.0% | ||
| Q1 25 | 12.8% | 4.3% | ||
| Q4 24 | 14.1% | 8.9% | ||
| Q3 24 | 12.4% | 6.3% | ||
| Q2 24 | 10.0% | 5.4% | ||
| Q1 24 | 9.4% | 61.8% |
每股收益（稀释后）TPRWDAY
| Q4 25 | $2.68 | $0.94 | ||
| Q3 25 | $1.28 | $0.84 | ||
| Q2 25 | $-2.30 | $0.25 | ||
| Q1 25 | $0.95 | $0.34 | ||
| Q4 24 | $1.38 | $0.72 | ||
| Q3 24 | $0.79 | $0.49 | ||
| Q2 24 | $0.67 | $0.40 | ||
| Q1 24 | $0.60 | $4.48 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.1B | $6.8B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $551.2M | $8.9B |
| 总资产 | $6.5B | $17.8B |
| 负债/权益比越低杠杆越低 | 4.32× | — |
8季度趋势，按日历期对齐
现金及短期投资TPRWDAY
| Q4 25 | $1.1B | $6.8B | ||
| Q3 25 | $743.2M | $8.2B | ||
| Q2 25 | $1.1B | $8.0B | ||
| Q1 25 | $1.1B | $8.0B | ||
| Q4 24 | $1.0B | $7.2B | ||
| Q3 24 | $7.3B | $7.4B | ||
| Q2 24 | $7.2B | $7.2B | ||
| Q1 24 | $7.4B | $7.8B |
总债务TPRWDAY
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $6.9B | $3.0B | ||
| Q1 24 | $7.7B | $3.0B |
股东权益TPRWDAY
| Q4 25 | $551.2M | $8.9B | ||
| Q3 25 | $399.5M | $9.2B | ||
| Q2 25 | $857.8M | $8.9B | ||
| Q1 25 | $1.5B | $9.0B | ||
| Q4 24 | $1.3B | $8.6B | ||
| Q3 24 | $3.0B | $8.3B | ||
| Q2 24 | $2.9B | $8.2B | ||
| Q1 24 | $2.8B | $8.1B |
总资产TPRWDAY
| Q4 25 | $6.5B | $17.8B | ||
| Q3 25 | $6.4B | $18.0B | ||
| Q2 25 | $6.6B | $17.2B | ||
| Q1 25 | $7.3B | $18.0B | ||
| Q4 24 | $7.3B | $16.4B | ||
| Q3 24 | $13.7B | $16.2B | ||
| Q2 24 | $13.4B | $15.9B | ||
| Q1 24 | $13.7B | $16.5B |
负债/权益比TPRWDAY
| Q4 25 | 4.32× | — | ||
| Q3 25 | 5.95× | — | ||
| Q2 25 | 2.77× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 2.35× | — | ||
| Q2 24 | 2.39× | 0.37× | ||
| Q1 24 | 2.77× | 0.37× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.1B | $588.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $550.0M |
| 自由现金流率自由现金流/营收 | 41.5% | 22.6% |
| 资本支出强度资本支出/营收 | 1.7% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.93× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $2.6B |
8季度趋势，按日历期对齐
经营现金流TPRWDAY
| Q4 25 | $1.1B | $588.0M | ||
| Q3 25 | $112.6M | $616.0M | ||
| Q2 25 | $446.8M | $457.0M | ||
| Q1 25 | $144.3M | $1.1B | ||
| Q4 24 | $506.0M | $406.0M | ||
| Q3 24 | $119.5M | $571.0M | ||
| Q2 24 | $256.0M | $372.0M | ||
| Q1 24 | $97.8M | $995.6M |
自由现金流TPRWDAY
| Q4 25 | $1.0B | $550.0M | ||
| Q3 25 | $80.2M | $588.0M | ||
| Q2 25 | $411.5M | $421.0M | ||
| Q1 25 | $113.4M | $1.0B | ||
| Q4 24 | $475.1M | $359.0M | ||
| Q3 24 | $93.9M | $516.0M | ||
| Q2 24 | $209.8M | $291.0M | ||
| Q1 24 | $78.8M | $947.6M |
自由现金流率TPRWDAY
| Q4 25 | 41.5% | 22.6% | ||
| Q3 25 | 4.7% | 25.0% | ||
| Q2 25 | 23.9% | 18.8% | ||
| Q1 25 | 7.2% | 46.4% | ||
| Q4 24 | 21.6% | 16.6% | ||
| Q3 24 | 6.2% | 24.7% | ||
| Q2 24 | 13.2% | 14.6% | ||
| Q1 24 | 5.3% | 49.3% |
资本支出强度TPRWDAY
| Q4 25 | 1.7% | 1.6% | ||
| Q3 25 | 1.9% | 1.2% | ||
| Q2 25 | 2.0% | 1.6% | ||
| Q1 25 | 2.0% | 3.9% | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 1.7% | 2.6% | ||
| Q2 24 | 2.9% | 4.1% | ||
| Q1 24 | 1.3% | 2.5% |
现金转化率TPRWDAY
| Q4 25 | 1.93× | 2.33× | ||
| Q3 25 | 0.41× | 2.70× | ||
| Q2 25 | — | 6.72× | ||
| Q1 25 | 0.71× | 11.83× | ||
| Q4 24 | 1.63× | 2.10× | ||
| Q3 24 | 0.64× | 4.33× | ||
| Q2 24 | 1.61× | 3.48× | ||
| Q1 24 | 0.70× | 0.84× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
